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Red Hat Rakes in Big Bucks

Jun 25, 2009, 07:34 (0 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"In its first financial quarter for the 2010 fiscal year, which ended May 31st, 2009, Red Hat's total revenue was $174.4 million, an 11% increase from the year ago quarter. The company also reports that 'subscription revenue for the quarter was $148.8 million, up 14% year-over-year.'

"Looking ahead, Red Hat looks to expanding the popularity of its JBoss middleware stack by adding support for Spring Framework, Seam and Google Web Toolkit. Later this summer, Red Hat will also be releasing the next version of its flagship operating system, RHEL (Red Hat Enterprise Linux): RHEL 5.4. This version will include greatly improved support for the KVM (Kernel Virtual Machine) and is expected to be a very important release for Red Hat's virtualization customers."

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